Gold Reaches Another Milestone

The most favored commodity of the investors in recession has always been gold, but the haste in purchasing this commodity has never been seen before.

The investors from China, India, Pakistan and HongKong are all favoring this commodity and there is a very good chance that it would cross $2000 mark before we finish off with this year.

So my friends... tighten up your belts and invest with full confidence in gold.

You might be wondering what makes me say that. See the price of gold jump from Rs. 49,000 a tola to Rs. 59,000 a tola. And it happened in just 3 days... Can you imagine THAT??

Finally, I wish you all the best for your future investments.

Bye.

NOTE: The author will not be responsible for any loss in investments as it is only free advice.

The French Downgrade??

The world may not have digested one AAA downgrade while another one is on the edge.

S&P may be saying that "good governance" and "political stability" is the key to France's economic stability, but hold on a second... what sort of "bad governance" and "political instability" was there in US??

Yes you guessed it.. The French Downgrade.

This is the question that the world is asking, at the moment, from S&P and other rating agencies who are not paying any heed over this question, and many others that are popping in the heads of the investors, and most importantly... the potential investors,who are the key to the economic stability.

What are these agencies thinking? Dropping another bomb on the investors and making the third world countries more volatile? Actually this not only effects the third world countries, but also the European markets that became bearish with the news of the US downgrade.

Let's hope that this does not happen and we remain in the stable world.

The Downgrade Of US Rating And Its Effects on Public

Wow! What a surprise! S&P downgraded the US economy for the first time in almost a century.

A news that has rocked the financial markets of the world. A news that has blown away 600 points from DOW. A news that has made half of the global financial markets volatile enough that these could be evaporated in thin air.

US has to admit that there is no escape from this financial crunch that has clutched their economy for the last 50 years or so. More than 90% in debt, and it still hopes to survive against all odds.

And guess who was effected the most by this downgrade?? The average US citizen.

It has almost no effect on the ruling class and the rich of the world's largest economy, because they are already outsourcing the US jobs to the outer and cheaper manufacturing hubs of the world to churn out more and more profits out of their invested money.

The biggest creditor of US debt, China, is also not interested in purchasing more US treasury bonds because of the economic crisis that has hit hard the American economy. The Chinese do not feel that their investments would be secure in the economic torn country.

As a matter of fact, the recession did not even hit China. How many jobs were lost in China after December 2007??? hardly half a million, and compare this number to the 1.3 billion population.